Denali Advisors LLC Acquires 21,400 Shares of Haverty Furniture Companies, Inc. (NYSE:HVT)

Denali Advisors LLC lifted its position in Haverty Furniture Companies, Inc. (NYSE:HVT) by 61.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,400 shares of the company’s stock after acquiring an additional 21,400 shares during the quarter. Denali Advisors LLC owned 0.35% of Haverty Furniture Companies worth $1,924,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in HVT. Rhumbline Advisers raised its holdings in shares of Haverty Furniture Companies by 58.6% in the third quarter. Rhumbline Advisers now owns 114,258 shares of the company’s stock valued at $3,288,000 after acquiring an additional 42,198 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Haverty Furniture Companies by 8.8% in the third quarter. Invesco Ltd. now owns 322,446 shares of the company’s stock valued at $9,280,000 after acquiring an additional 26,157 shares in the last quarter. Belpointe Asset Management LLC purchased a new position in Haverty Furniture Companies in the third quarter valued at about $416,000. American Century Companies Inc. grew its stake in Haverty Furniture Companies by 4.9% in the third quarter. American Century Companies Inc. now owns 203,389 shares of the company’s stock valued at $5,854,000 after purchasing an additional 9,455 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Haverty Furniture Companies by 0.5% in the third quarter. Vanguard Group Inc. now owns 1,048,004 shares of the company’s stock valued at $30,162,000 after purchasing an additional 5,342 shares during the last quarter. 80.57% of the stock is currently owned by institutional investors.

Haverty Furniture Companies Trading Down 0.9 %

Shares of HVT stock traded down $0.23 during trading hours on Wednesday, reaching $24.04. 67,612 shares of the company’s stock were exchanged, compared to its average volume of 129,782. Haverty Furniture Companies, Inc. has a 1 year low of $23.97 and a 1 year high of $37.05. The stock has a market cap of $390.41 million, a PE ratio of 8.83, a PEG ratio of 1.41 and a beta of 1.44. The stock’s fifty day moving average price is $27.79 and its two-hundred day moving average price is $31.63.

Haverty Furniture Companies (NYSE:HVT) last issued its quarterly earnings results on Wednesday, May 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.19). Haverty Furniture Companies had a return on equity of 14.98% and a net margin of 5.64%. The business had revenue of $184.00 million for the quarter, compared to analysts’ expectations of $192.70 million. On average, equities analysts expect that Haverty Furniture Companies, Inc. will post 1.5 EPS for the current fiscal year.

Haverty Furniture Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 24th were issued a dividend of $0.32 per share. This is an increase from Haverty Furniture Companies’s previous quarterly dividend of $0.30. The ex-dividend date was Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 5.32%. Haverty Furniture Companies’s payout ratio is 46.55%.

Analyst Ratings Changes

HVT has been the topic of several analyst reports. Benchmark reiterated a “buy” rating and issued a $45.00 target price on shares of Haverty Furniture Companies in a research note on Thursday, May 2nd. StockNews.com lowered Haverty Furniture Companies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 19th.

Haverty Furniture Companies Company Profile

Haverty Furniture Companies, Inc operates as a specialty retailer of residential furniture and accessories in the United States. The company offers furniture merchandise under the Havertys brand name. It also provides custom upholstery products and eclectic looks; and mattress product lines under the Tempur-Pedic, Serta, Sealy, and Stearns and Foster names.